Examlex
The forum non conveniens principle allows a court to refuse to hear a proceeding because another jurisdiction is more appropriate or more closely connected to the matter.Factors relevant to determining which of the multiple forums is more appropriate include all of the following EXCEPT
Comparative Advantage
The ability of an individual, firm, or country to produce a particular good or service at a lower opportunity cost than others, leading to a basis for beneficial trade.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, effectively the value of the opportunity lost.
Import Commodities
Goods or services brought into one country from another for the purpose of trade.
Economic Organization
Structured arrangements within an economy that determine how resources are allocated, goods are produced, and services are distributed.
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